The real estate market recorded notable developments in legal procedures, finance and project progress. In Dong Nai, Angel Island, a more than 200-hectare urban area with total investment of VND 20 trillion, reached a new milestone as the consultation dossier for its environmental impact assessment was made public after more than 20 years of waiting. Meanwhile, the industry’s debt-to-equity ratio rose to 0.72 times at the end of June, the highest level in the past 15 quarters. Financial pressure was also reflected in HDBank’s notice to seize 26 land plots and various property rights belonging to Hoang Quan Real Estate, as the company still owed nearly VND 900 billion to the bank. On the cash flow support side, Izumi City introduced a payment plan allowing buyers to pay 60% to receive their homes, while the next 35% would be guaranteed by the bank and paid according to progress over 24 months. Housing supply and end-user demand remained in focus. Hundreds of social housing units in Ki...
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